Unregulated UK property finance
Auction Bridging Finance
Prepare a credible funding route for a fixed auction completion deadline
Winning an auction creates a binding timetable, so finance and due diligence should start before bidding wherever possible. Sterling reviews the purchase, property, deposit, completion date and exit plan before approaching suitable specialist lenders.
Situations covered
- Residential investment and commercial purchases
- Properties needing refurbishment
- Assets that are not currently mortgageable
- Purchases by individuals, companies or experienced developers
- Refinancing after works or stabilisation
Protect the completion plan
Valuation access, legal title, source of deposit, works information and the repayment strategy can all affect the timetable. Sterling helps identify these issues early and coordinates the funding requirement around the auction contract.
Exit strategy
The proposed repayment route may be a sale or a suitable longer-term refinance. It must be realistic, supported and timed with enough contingency.
Discuss an auction purchase
Send the auction date, completion deadline, legal pack, property details, deposit and proposed exit so we can assess the route.
Common Questions
Start before bidding where possible. This gives time to assess the property, legal pack, valuation access and likely lender requirements.
No. Completion depends on lender approval, valuation, legal work, satisfactory security and complete information.
Potentially. The scope, cost and timetable of the works, current value, borrower experience and exit strategy will be assessed.
The auction contract may expose you to loss of deposit, costs or other remedies. Obtain independent legal advice before bidding.